Eq Resources Limited · ASX:EQR
Eq Resources — IMARC 2024
23 slides from Eq Resources's conference presentation, Nov 8, 2024
Slide 1: Summary of Changes – IMARC Investor Presentation
resourcing the new economy for a better tomorrow 8 November 2024 SUMMARY OF CHANGES – IMARC INVESTOR PRESENTATION EQ Resources Ltd is a global tungsten producer with mining activities in Australia and Spain. EQ Resources Ltd (“EQR”) has today released an amended version of its recent IMARC Investor
Slide 2: EQ Resources Limited – A Globally Significant Critical Mineral Producer
Download This Presentation: EQ RESOURCES LIMITED A Globally Significant Critical Mineral Producer IMARC 2024, Stall M122 Kevin MacNeill, CEO ASX : EQR 29th - 31st October 2024
Slide 3: Disclaimer
Disclaimer Competent Person's Statement • The information in this presentation partly relates to the outcomes of the Mt Carbine Bankable Feasibility Study Update (May 2023), made available through the Company’s website www.eqresources.com.au/. • The Company confirms that it is not aware of any new i
Slide 4: Tungsten Uses
Tungsten Uses Critical Alloy Element, Without Substitute in Most Applications Aviation Aerospace Automotive Heavy Heavy Tools & Machinery Industry Construction Medical Military EV Battery Green Science Micro Development Energy & Tech Electronics 3
Slide 5: Tungsten - A Critical Metal
Tungsten - A Critical Metal EQR Is Unhedged, Provides Spot Price Exposure To a Tight Market EU: The Most Economically Important Critical Material Raw Materials Borate Niobium Critical EQR Consolidated Group Graphite Non-critical tWO3 Production Projections* Scandium PGMs Indium Beryllium 5,000 Targe
Slide 6: APT Price Update
APT Price Update APT Price Rotterdam – 12 month + High (US$/mtu) 370 360 350 340 US $ / mtu 330 320 310 300 290 280 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Source: FastMarkets APT Price Rotterdam (US$/mtu, mtu = 10kg WO3)
Slide 7: EQR Group WO3 Production - Update
EQR Group WO3 Production - Update EQR Monthly WO3 Production (1 mtu = 10kg WO3) 22,000 20,000 18,000 16,000 14,000 12,000 mtu 10,000 8,000 6,000 4,000 2,000 - Saloro Mt Carbine 6
Slide 8: Consistent Board & Leadership Team
Consistent Board & Leadership Team Diverse and Experienced Board & Leadership Team Kevin MacNeill - Chief Executive Officer Oliver Kleinhempel - Non-executive Chairman • Interim CEO & Senior Technical Advisor since May 2019, • Non-executive Director since August 2019, Chair since CEO since January 2
Slide 9: Vertical Integration Opportunities
Vertical Integration Opportunities Tungsten Cluster - Australia EQR’s positioning as a leading source of responsibly mined & non-conflict tungsten concentrate provides the company with significant leverage: Tungsten Production (Excl. China)* 2,500 EQR Operations in Spain and Australia Tonnes per ann
Slide 10: Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia
2024 EQR Mt Carbine Tungsten Mine and Quarrying Operations, QLD, Australia 9
Slide 11: Mt Carbine (Australia)
Mt Carbine (Australia) Mt Carbine Mine Is Australia’s Leading Tungsten Mine and Is Consistently Exporting Concentrate to Global Consumers & Processing Plants Mt Carbine Open Pit Resource Tonnes Grade WO3 Orebody Classification (Mt) (% WO3) (mtu) Indicated 10.13 0.08 759,450 Indicated 2.75 0.07 178,5
Slide 12: Mt Carbine - Doubling Plant Capacity Ongoing
Mt Carbine - Doubling Plant Capacity Ongoing Est. Completion Q2-Q3 FY2025 Monthly Throughput ** 166k tonnes 90-95% recovery 83k tonnes Processing Costs A$16.55 /tonne 85-90% recovery A$11.30 /tonne ** *Nominal capacity ** Providing by-product revenue 11
Slide 13: Existing Decline and Underground Development
Existing Decline and Underground Development Mt Carbine Existing Decline - Historical Pictures 1986 Mt Carbine Existing Decline – RE-OPENED 8 JULY 2024 12
Slide 14: Mt Carbine - Exploration & Underground Potential
Mt Carbine - Exploration & Underground Potential Iron Duke 2 North West Pit BFS Extension 1 Resources Drilling to bring in Pit more resources from inferred to indicated 2 Exploration Drilling Iron Duke zone Hole EQ026 1 5.95m@0.94% WO3 3 Hole EQ026 depth extents Resources: Extension Hole Indicated R
Slide 15: Two High Grade Zones To Be Investigated With Further Drilling
Two High Grade Zones To Be Investigated With Further Drilling Iron Duke Western Extensions
Slide 16: Saloro (Spain) as Latest Member of EQR Group
Saloro (Spain) as Latest Member of EQR Group
Slide 17: Barruecopardo
Saloro (Spain) as Latest Member of EQR Group Europe’s Largest Tungsten Mine, With Outstanding ESG Credentials, Additional Ramp-Potential and Regional Exploration Upside Resource Tonnes Grade WO3 Orebody Classification (Mt) (% WO3) (mtu) Barruecopardo Measured 8.82 0.19 1,659,959 Open Pit In-Situ Ind
Slide 18: Saloro - Recovery Optimisation 38% to 70%
Saloro - Recovery Optimisation 38% to 70% XRT Sorters Disruptive Technology in the Tungsten Market • XRT Sorters added 26% more material to the downstream Gravity Plant starting Q3 FY2024. • 340,000 tonnes stockpile of previously discarded >6mm ore now SALORO PROCESS FLOW available for reprocessing,
Slide 19: Wolfram Camp – EQR Awarded EPM
Wolfram Camp – EQR Awarded EPM Opportunity & Strategic Rationale Reported Reserve and Mineral Resource from the Wolfram Camp Deposit Historical Operations Reserve Tonnes Grade Grade Orebody Classification (Kt) (% Wo3) (%Mo) Wolfram Camp Wolfram Probable 375 0.22 - Camp Resource Tonnes Grade Grade Or
Slide 20: What We Care About
What We Care About Responsible and Sustainable Critical Mineral Production Act Safe. Feel Embrace Lead with Tread Lightly Dig Deep Buddy Up Safe. Difference Integrity BENEFICIAL REUSE Embed Diversity of Go one better. resource Act safe at thinking, skills Strive to efficiency to Have courage work. C
Slide 21: Resources
RESOURCES resourcing the omy for a better tomorrow MT CARBINE TUNGSTEN MINE & QUARRYING OPERATIONS, AUSTRALIA WOLFRAM CAMP EPM, AUSTRALIA PE i BE ) TUNGSTEN MINE, SPAIN Largest Strong Large Economic Vertical Established De-Risked Secured Advanced Environment Circular Western Tungsten Resources + Int
Slide 22: Strategic Partners – Endorsement Through Funding & Grants
Strategic Partners Endorsement Through Funding & Grants Strong Support for Critical Minerals Projects in Australia Department of Resources Department of State Development and Infrastructure 21
Slide 23: Contact
Site Contact: Investor Relations: Kevin MacNeill Peter Taylor Chief Executive Officer NWR Communications T: +61 438 542 260 T: +61 412 036 231 E: kmacneill@eqresources.com.au E: peter@nwrcommunications.com.au Registered Office: Mt Carbine Office: Level 4, 100 Albert Road 6888 Mulligan Highway, South